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Bolt raises 600 million euros from investors to aid quick grocery delivery

Bolt has raised 600 million euros from investors to aid quick grocery delivery.The round was led by Sequoia Capital alongside other new investors Tekne and Ghisallo, G Squared, D1 Capital and Naya.

Founded by Markus Villig, Bolt is an Estonian mobility company that offers vehicle for hire, micromobility, car-sharing, and food delivery services headquartered in Tallinn and operating in over 300 cities in 45 countries in Europe, Africa, Western Asia and Latin America.

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Their delivery services include Bolt Food, a platform that enables customers to order meals from restaurants. Recently Bolt added grocery delivery business with Bolt Market which will be launched in 10 European countries over the next few months, including the Baltics and Central Europe, Sweden, Portugal, Croatia, and Romania.

The fund will be used to accelerate the expansion of all of these services in Europe as well as a number of African markets where Bolt has a presence.

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Milcah Lukhanyu
Milcah Lukhanyu
I cover tech news across Africa. Drop me an email at [email protected]

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